However, a loss would have made it harder for Singh to defend

Canada Goose sale NEW DELHI (Reuters) India fragile ruling coalition won a vote on allowing foreign supermarkets to operate in Asia third largest economy on canada goose uk black friday Wednesday, in a key test of support for Prime Minister Manmohan Singh and his flagship economic reform. Canada Goose sale

Canada Goose Outlet An employee weighs a packet chickpea flour inside a mom and pop grocery store at a residential area in Mumbai December 5, 2012. India’s fragile ruling coalition won a vote on allowing foreign supermarkets to operate in Asia’s cheap canada goose uk third largest economy in a test of support for https://www.uscanadagooseoutletsale.com Prime Minister Manmohan canadian goose jacket Singh’s minority government and his flagship economic reform. REUTERS/Danish Siddiqui Canada Goose Outlet

canada goose store It was a much needed boost for Singh at a time when he canada goose uk outlet is trying to drive a second wave of reforms through a fractious parliament. buy canada goose jacket cheap The debate over retail reform has proved a costly distraction for the minority government, eating up two weeks of the Canada Goose Online month canada uscanadagooseoutletsale.com goose coats on sale long parliamentary session. canada goose store

canada goose coats The victory clears the Canada Goose sale way for canada goose voting on bills canada goose clearance aimed at attracting foreign investment to the ailing pension and uk canada goose outlet insurance industries, two measures seen cheap Canada Goose by financial markets as important steps in further liberalizing an economy in the midst of a slowdown. canada goose coats

Expectations the government would win had earlier driven India stock market to a 19 month high.

in retail was a barometer to test the government strength and the government has proved Canada Goose online that they have the support in the parliament to push through such reforms, said Samiran Chakraborty, regional head of research at Standard Chartered Bank India.

canada goose clearance sale The vote in parliament lower house which the government won thanks to abstentions by two powerful regional parties was non binding. However, a loss would have made it harder for Singh to defend the policy to bring global chains such as Wal Mart Stores Inc. to India $450 billion retail sector. canada goose clearance sale

Under threat of losing India investment grade credit rating, and facing the prospect of fighting a general election during the worst growth slump in a decade, Singh launched the policy amid a flurry of long delayed reforms in September.

Canada Goose online RUNNING OUT OF TIME The vote was the first big floor test for the government since a partner pulled out of the coalition in protest at the retail policy, which canada goose uk shop critics say will crush small shopkeepers. Canada Goose online

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Canada Goose Jackets The government says the reform will help modernize India dysfunctional food distribution system and slash inflation. Canada Goose Jackets

buy canada goose jacket Exploitation by foreign traders was a key complaint in India independence movement led by Mahatma Gandhi and in the debates leading up to the vote some opposition leaders said canada goose factory sale the new policy harked Canada Goose Outlet back to Britain former East India Company. buy canada goose jacket

canada goose deals came Canada Goose Jackets as traders and become Rajas. Is America coming through Wal Mart to capture Indian power? asked member of parliament Saugata Roy of the Trinamool Congress party. canada goose deals

cheap Canada Goose Wednesday ended in victory, but the vote underscored how weak Singh coalition now is. To pass legislation in the lower house the government relies on support from the Samajwadi Party and the Bahujan Samaj Party, two canada goose black friday sale capricious regional rivals who oppose many of the government policies but abstained this time. cheap Canada Goose

canadian goose jacket On Friday, the upper house will vote on the same issue. There the government has fewer seats and is likely to lose the symbolic motion. canadian goose jacket

Another vote on the same day on foreign exchange rules is potentially more serious, since a loss canada goose store could slow implementation of the supermarket policy. The lower house passed the foreign exchange vote on Wednesday, straight after the retail vote.

Ratings agency Fitch warned on Monday it could cut India sovereign rating if the government loosens fiscal policy in the run Canada Goose Coats On Sale up to the election, due by 2014, or sees a more prolonged slowdown in economic growth.

canada goose India fiscal deficit is the widest among major emerging economies due to huge spending on subsidies for items such as food, fuel and fertilizer. Few economists believe the government will meet its target of cutting the deficit to 5.3 percent of GDP this year, and spending is likely to rise next year. canada goose

Canada Goose Parka While markets have been heartened by Singh new appetite for reform, Fitch said there was concern the government would lose its focus as electoral issues come to the fore next year. Canada Goose Parka

Topping the government to do list are measures to ensure faster decision making for infrastructure works, overhauling the canada goose coats tax system and cutting the deficit to revive capital investment.